Layer 0 is a network framework running beneath the blockchain. It is made up of protocols, connections, hardware, miners, and everything else that forms the foundation of the blockchain ecosystem.
Scalability is one of the biggest obstacles for blockchain-based solutions. However, the Layer 0 protocol can be used across several use cases, including data validation, setting up individual reward structures, digital currency wrapping and more. It serves as the root layer, allowing cross-chain interoperability with all Layer 1 protocols like BTC, ADA, ETH and more.
Using the Layer 0 protocol, operators can quickly deploy relay networks across several nodes, including Bitcoin and Ethereum. It offers a unique approach to solve the scalability dilemma in the ecosystem without tinkering with the underlying protocols of the existing blockchain networks.
In addition to solving the scalability problem, the Layer 0 protocol also allows users to build blockchain-based businesses and dApps, validate data schemas and sources, mint cryptocurrency, and program unique business logic and metrics.
The Layer 0 protocol consists of a series of state channels that validate data based on user-defined functions. Alongside the hardware, servers, and systems, nodes and any device connected to the nodes are also part of this layer.
It supports several consensus algorithms and P2P systems, such as proof-of-work, proof-of-stake, proof-of-activity, proof-of-reputable observations, directed acyclic graphs (DAG) and more to optimize network topology. Layer 0 compliments the three significant pillars of blockchain — scalability, neutrality and adaptability-supporting block encryption and hiding the block’s origin using P2P relaying.
Native tokens serve as the core consensus layer, offering economic incentives to motivate users to contribute and sustain the ecosystem within the HGTP network, thus establishing a win-win environment in which all participants are equally rewarded for their efforts.
If you wish to build a business using the Layer 0 protocol, you’ll have to stake or purchase the platform’s native token. By acquiring the relevant tokens within the blockchain network, you’ll get complete access to the Layer 0 ecosystem, data-rich solutions, innovative solutions, and products. Once you have procured the required tokens, you can use them to mint your unique tokens, create business logics, reward structures, data validation, and more.
Benjamin Diggles, the co-founder and CSO of Constellation Network, is a well-known name in software development, web design and digital design. With experience spanning two decades, Benjamin is also well-versed in cryptocurrency and blockchain technology.
An ITT Tech graduate, Ben, has held several key leadership roles across organizations throughout his career. Besides being part of the Constellation Network, Benjamin is also the co-founder of Lattice Exchange, a contributing member to the Linux Foundation (Hyperledger), and Mobility Open Blockchain Initiative (MOBI).
Connect with Benjamin on Twitter.
© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands (BVI).
Email us: [email protected]